New Japanese insurance rule will impact small owners more A new requirement for vessels entering Japanese waters to have P&I liability cover has been cited by an industry executive as a good idea but poorly implemented, adding that the ruling will impact smaller shipowners most.
Shanghai Port plans to raise US$800m in HK SHANGHAI International Port, the world's third-busiest hub, is preparing a Hong Kong listing this year that could raise about US$800 million to fund its ambitious expansion plans and capitalise on China's key position on global trade routes, according to a report in the Financial Times.
Correction IN the report 'NOL cargo volumes jump 17% in six-week period' on Jan 25, we incorrectly identified 2004 cargo revenue as US$2,532 per FEU .
Admiralty Casebook
Surveyors must provide port safety data THE owners of Tasman Spirit won an important ruling under the UK Arbitration Act last month to compel a third party to provide documents on the safety of the port of Karachi where their tanker grounded in 2003 causing them significant losses.
Port Shots
Port Shots ORIENT Overseas International Ltd, a shipping company controlled by the family of Hong Kong chief executive Tung Chee-hwa, said its container unit's sales rose 28 per cent in the fourth quarter last year as it handled more cargo.
New Japanese insurance rule will impact small owners more A new requirement for vessels entering Japanese waters to have P&I liability cover has been cited by an industry executive as a good idea but poorly implemented, adding that the ruling will impact smaller shipowners most.
Shanghai Port plans to raise US$800m in HK SHANGHAI International Port, the world's third-busiest hub, is preparing a Hong Kong listing this year that could raise about US$800 million to fund its ambitious expansion plans and capitalise on China's key position on global trade routes, according to a report in the Financial Times.
Correction IN the report 'NOL cargo volumes jump 17% in six-week period' on Jan 25, we incorrectly identified 2004 cargo revenue as US$2,532 per FEU .
Admiralty Casebook
Surveyors must provide port safety data THE owners of Tasman Spirit won an important ruling under the UK Arbitration Act last month to compel a third party to provide documents on the safety of the port of Karachi where their tanker grounded in 2003 causing them significant losses.
Port Shots
Port Shots ORIENT Overseas International Ltd, a shipping company controlled by the family of Hong Kong chief executive Tung Chee-hwa, said its container unit's sales rose 28 per cent in the fourth quarter last year as it handled more cargo.
New Japanese insurance rule will impact small owners more A new requirement for vessels entering Japanese waters to have P&I liability cover has been cited by an industry executive as a good idea but poorly implemented, adding that the ruling will impact smaller shipowners most.
Shanghai Port plans to raise US$800m in HK SHANGHAI International Port, the world's third-busiest hub, is preparing a Hong Kong listing this year that could raise about US$800 million to fund its ambitious expansion plans and capitalise on China's key position on global trade routes, according to a report in the Financial Times.
Correction IN the report 'NOL cargo volumes jump 17% in six-week period' on Jan 25, we incorrectly identified 2004 cargo revenue as US$2,532 per FEU .
Admiralty Casebook
Surveyors must provide port safety data THE owners of Tasman Spirit won an important ruling under the UK Arbitration Act last month to compel a third party to provide documents on the safety of the port of Karachi where their tanker grounded in 2003 causing them significant losses.
Port Shots
Port Shots ORIENT Overseas International Ltd, a shipping company controlled by the family of Hong Kong chief executive Tung Chee-hwa, said its container unit's sales rose 28 per cent in the fourth quarter last year as it handled more cargo.
New-generation bunker barge on the move Total Belgium has taken a new-generation 'mega' bunker barge on time charter from Wiljo.
Tokyo players wait on February allocations Traders hope fuel oil premiums compared to other ports in the region will drop to encourage more business.
Singapore supply outlook improving Growing fuel oil stocks and further cargo arrivals set to ease tight bunker market and reduce bunker premiums.
High-sodium cargo returned from Japanese trading house Japanese trading house named as the buyer from which oil major ExxonMobil has agreed to take back a high-sodium fuel oil cargo, while other buyers sourced problem fuel directly from refinery.
New British nuclear cargo ships planned BRITISH Nuclear Fuels has scrapped Pacific Swan, one of its fleet of purpose-built nuclear cargo carriers, and is asking for expressions of interest to build one or two new vessels.
Mitropoulos opens dialogue with EU commissioner Borg INTERNATIONAL Maritime Organisation secretary-general Efthimios Mitropoulos has met Joe Borg, European commissioner responsible for fisheries and maritime affairs.
Cheniere unveils giant LNG facility blueprint Cheniere Energy has unveiled plans to construct North America's largest liquefied natural gas import terminal, a facility capable of handling the biggest vessels on the drawing board.
CMA CGM ditches French flag plan for new quartet FRENCH liner company CMA CGM has axed plans to put four newly ordered vessels under the French flag, opting instead for the British flag.
Freak wave disables cruise ship THE cruise ship Explorer (ex-Olympia Explorer), which was disabled yesterday by a 15m wave that broke through the bridge windows and damaged vessel controls, has restarted a second engine
Singapore awards LNG study contract SINGAPORE has commissioned Tokyo Gas Engineering to conduct a feasibility study on the import of Liquefied Natural Gas
Singapore enhances medicare SINGAPORE has upgraded medical facilities for seafarers by offering "one-stop" services
ICTSI wins Naha operations NAHA International Container Terminal (NICTI) has signed an agreement with Naha Port Authority, Japan to operate two of its container terminals
French strike hits ferries, again A STRIKE by French seamen has again led to ferry services between Dover and Calais being suspended today
New US LNG berth proposed CHENIERE Energy revealed plans for its fourth and largest LNG facility today, when it filed for permits to build a $900M terminal in Louisiana, US
Dutch High Court trashes second Maasvlakte scheme Rotterdam's second Maasvlakte plans were set back this week when the Dutch High Court rejected environmental compensation-plans and rejected the proposed 750ha marine reserve area, in which fishing is banned.
South Africa sets below inflation port tariff rises Container handling tariffs at South African ports will increase by 5.7% and cargo tariffs by 1% from April 1, the state-owned transport utility Transnet said today.
Government control stifles China's rail development
Vienna breaks 200,000TEU barrier
Rail Cargo Austria to take over Oekombi
Hutchison to examine feasibility of Gujarat ports
Fourth-place Charleston reaches 1.86m TEU in 2004
Samskip newbuilds to add reefer room to fish trade
Baltic-Transit partners plan a second eastern route
HK customs seized pirated DVDs in a logistics company
Shreyas orders feederships from Singapore yard
Naha Port to be operated by ICTSI
WTSA recommends freight rate increase for NOS cargo
Norfolk Southern-funded home environmental inspections finish today
Swedish officer unions say no to mediators The two Swedish officer unions, Swedish Merchant Marine Officer's Association and the Swedish Ship Officers' Association has turned down an ...
Aker Yards orders for NOK 6 billion last year Aker Yards has taken full advantage of the current upturn in the newbuilding market and logged NOK 6.0 billion (EUR ...
High oil exports from North Russia Russia ' the world's second oil supplier after Saudi Arabia ' plans to increase exports from the north still further this year ...
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